Bank of America Corporation (NYSE:BAC) banking and financial services provider, is expected to report second quarter earnings results, before market open, on Thursday 16th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 1.44 per share on the revenues of $ 86629.90 million.
Previous Quarter Performance
Bank of America Corporation revealed income for the first quarter of $ 0.40 per share, from the total revenue of $ 22,767.00 million. The quarterly earnings decreased 42.86 percent while revenues reduced 1.03 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.46 per share from $ 22909.60 million in revenue. The bottom line results missed street analysts by $ 0.06 or 13.04 percent, at the same time, top line results fell short of analysts by $ 142.6 million or 0.62 percent.
Historical Earnings Performance
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Stock Performance
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The company has a market capital of $ 213.59 billion and is part of the Financial Services sector and Banks – Global industry.
Recent Analyst recommendations
On 9th July 2020, downgraded by DA Davidson to Neutral from Buy rating, with $ 25.00 target price.
On 8th July 2020, initiated by Seaport Global Securities at Neutral rating.
On 25th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 24.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on April 22, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Bank of America Corporation will be hosting a conference call at 8:30 AM eastern time on 16th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1.877.200.4456 (United States) or 1.785.424.1732 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website investor.bankofamerica.com
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
